US-based renewable energy company SolarReserve and ACWA Power, an international power and water company, agreed to sign a 20-year power purchase agreement with Eskom, South Africa’s public utility company, in order to run a 100 MW power station in South Africa. The project is part of the South African Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
The Redstone Solar Thermal Power Project, a power station located in Postmasburg in the Northern Cape Province, is equipped with SolarReserve’s highly advanced solar thermal technology ThermaVaultTM with integrated molten salt energy storage. The storage project is expected to deliver non-intermitted clean energy even at peak times to 200,000 homes each year and is able to store 1,200 MWh of energy daily.
Not only does this project support the economy in this region with affordable energy, it will also create more than 4,000 jobs. SolarReserve’s CEO Kevin Smith states: “We look forward to working with our partners and stakeholders, including the communities where the project is located, to support South Africa in meeting its energy supply targets, stimulating long-term economic development, and creating new jobs and businesses.”
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